Company Closes 234,685 Cases since Inception; Increases ISP Participation By 42%; Ingests 308,896 Copyrights
SANTA MONICA, Calif., Aug. 7, 2015 /PRNewswire/ -- Rightscorp (OTCQB: RIHT), a leading provider of data and analytic services to support artists and owners of copyrighted Intellectual Property (IP), announced today that it has increased the number of cases closed from 222,941 at the end of June to 234,685 as of August 1, 2015, for an increase of 5% and over 11,000 cases in one month. The Company increased Internet Service Provider (ISP) participation from 233 in March 2015 to 331 (296 ISPs + 35 colleges and universities) as of August 1, 2015, representing a 42% increase. Copyrights ingested increased to 308,896, up from 256,000 in March representing an increase of 20%. The company has approval to collect on the more than 1.5 million copyrights it represents.
"We have made incredible progress over the last few months as we have steady growth in key metrics pertaining to the success of the Company," said Christopher Sabec, CEO of Rightscorp. "Closing over 11,000 cases in month one is exciting news as it adds value for our clients and for us, as does increasing ISP participation by a healthy 42%. Every single ISP that works with us opens the door to thousands of potential infringements on their network that can be tracked and monetized."
Rightscorp represents more than 1.5 million copyrights and has partnered with major motion picture studios, numerous platinum recording artists, Academy Award-winning films, top TV shows, authors and many other rights holders. Rightscorp has already received settlements from subscribers to more than 331 ISPs and has closed over 234,685 cases of copyright infringement to date.
About Rightscorp, Inc.
Rightscorp (RIHT) is a leading provider of data and analytic services to support artists and owners of copyrighted Intellectual Property (IP). The Company's patent pending digital loss prevention technology focuses on the infringement of rights to digital content such as music, movies, software, books and games and ensures that owners and creators are rightfully paid for their IP. Rightscorp implements existing laws to resolve copyright infringements by collecting payments from illegal file sharing activities via notifications sent through Internet Service Providers (ISPs). The Company's technology identifies copyright infringers, who are offered a reasonable settlement option in comparison to the legal liability defined in the Digital Millennium Copyrights Act (DMCA). Based on the fact that 22% of all Internet traffic is used to distribute copyrighted content without permission or compensation to the creators, Rightscorp is pursuing an estimated $2.3 billion opportunity and has monetized major media titles through relationships with industry leaders.
Safe Harbor Statement
This press release may include forward-looking statements. All statements other than statements of historical fact included in this press release, including, without limitation, statements regarding the Company's anticipated financial position, business strategy and plans and objectives of management of the Company for future operations, are forward-looking statements. When used in this press release, words such as "anticipate," "believe," "estimate," "expect," "intend," and similar expressions, as they relate to the Company or its management, identify forward-looking statements. Such forward-looking statements are based on the beliefs of the Company's management as well as assumptions made by and information currently available to the Company's management. Actual results could differ materially from those contemplated by the forward-looking statements as a result of certain factors not limited to, general economic and business conditions, competitive factors, changes in business strategy or development plans, the ability to attract and retain qualified personnel, and changes in legal and regulatory requirements. Such forward-looking statements reflect the current views of the Company with respect to future events and are subject to these and other risks, uncertainties and assumptions relating to the operations, results of operations, growth strategy and liquidity of the Company. All subsequent written and oral forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by this paragraph.
For further investor and media information contact:
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/rightscorp-reports-rise-in-key-operating-metrics-300125457.html
SOURCE Rightscorp, Inc.